Daily Forex Fundamentals – July 8, 2013

What’s on the Economic Horizon

Dollar Dominates Across the Board
Eurogroup Meetings to Discuss Portugal, Greece and Cypus Bailout?
Canadian Building Permits on Tap

U.S. Dollar (USD)

Now that’s how you end the week with a bang! Thanks to some solid NFP figures, the dollar rallied up the charts, as it dominated the rest of the major currencies. Can the scrilla sustain its good fortune to start the week? Read more…

Euro (EUR)

You win some, you lose some. The euro ended the day in the red against the Greenback, but it also posted gains against the pound, yen, and the franc. And that’s despite the existence of bearish news from the euro region! Ha! Read more…

British Pound (GBP)

The pound took another nasty spill just before the weekend as Cable recorded a 174-pip drop. Will the bears remain in control this week? Read more…

Japanese Yen (JPY)

With USD/JPY surging higher, the yen found itself struggling against the rest of its major counterparts. USD/JPY is now trading above 101.00, while EUR/JPY is back at around the 130.00 mark. Read more…

Canadian Dollar (CAD)

USD/CAD bowed down to the mighty Greenback’s strength, but it managed to chalk up small gains against the euro, yen, and even the pound. What the heck happened?! Read more…

Australian Dollar (AUD)

Just like its comdoll siblings, the Aussie fell victim to the dollar last Friday, as it gave back all of its Thursday gains. AUD/USD slipped 88 pips to finish the week at .9060, its lowest finish in 3 years! Can the Aussie bounce back this week? Read more…

New Zealand Dollar (NZD)

The Kiwi was unable to swim against the tides of the markets — it was swept away by the broad-based Greenback rally that took NZD/USD down 124 pips to .7713. What can we expect from it this week? Read more…

Swiss Franc (CHF)

The upside surprise from the Swiss CPI did little to boost the franc against the dollar, as USD/CHF posted its fifth straight green candlestick in six days. Will go for a sixth today? Read more…

Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.

In forex trading, you get better odds at securing pips when your fundamental analysis is complemented by technical analysis.

Head on to Big Pippin’s Daily Chart Art for some pip-locking technical setups!